Avance Gas Holding (AVANCE) 🚢

[Sjakk]

Det er sjefsbytte i Avance i år og (som i april 2019) CEO fikk jobbe et år som læregutt og gjorde tydeligvis en god nok jobb til å ta over som CEO i Golden Ocean.

[Nimrod]

Noen som har en formening om det samme kan skje for LPG? Fulle oljelagre betyr ofte fulle lagre av raffinerte produkter også.

Tankhopp på Oslo Børs etter oljepriskollapsen

[Kaisovski]

Lettere å stenge ned raffinerikapasitet enn oljeproduksjon.

Nedgang i produksjon i USA er vel nesten utelukkende negativt for LPG?

[Springer]

Pene rater for LPG frakt, og Avance kryper stadig oppover fra bunnen.

[TekBot]

Avance Gas - Invitation to Earnings Release Audio Webcast for the First Quarter of 2020

Bermuda, 20 May 2020 - Avance Gas Holding Ltd (OSE: “AVANCE”), will on Thursday
28 May 2020 release its unaudited results for the first quarter of 2020. In
connection with the earnings release, an audio webcast and conference call will
…

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be held at 14:00 (CET). The webcast can be accessed at Avance Gas’ website
www.avancegas.com. Dial in details are +44 (0) 2071 928 000 (UK and
International), +1 631 510 7495 (US) or +47 23 96 02 64 (Norway). Please quote
the passcode: 9088721. Phone lines will open 10 minutes before the conference
call.

For further queries, please contact: Peder C. G. Simonsen, Interim CEO and CFO
Tel: +47 22 00 48 15

Email: p.simonsen@avancegas.com (mailto:p.simonsen@avancegas.com)

ABOUT AVANCE GAS

Avance Gas Holding Ltd operates in the global market for transportation of
liquefied petroleum gas (LPG). The Company is one of the world’s leading owners
and operators of very large gas carriers (VLGCs), operating a fleet of 14 modern
VLGC.

For more information about Avance Gas, please visit: www.avancegas.com

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

Financial calendar

Financial calendar for Avance Gas Holding Ltd

FINANCIAL YEAR 2020
…

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28.08.2020 - Half-yearly Report
30.04.2021 - Annual Report
20.11.2020 - Annual General Meeting

28.05.2020 - Quarterly Report - Q1
27.11.2020 - Quarterly Report - Q3
26.02.2021 - Quarterly Report - Q4

This information is published pursuant to the requirements set out in the Continuing obligations.

Kilde

[TekBot]

Avance Gas Holding Ltd Reports Unaudited Results for the First Quarter 2020

BERMUDA, 28 May 2020 - Avance Gas Holding Ltd (OSE: AVANCE) today reported
unaudited results for the first quarter 2020.

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HIGHLIGHTS

• The average time charter equivalent (TCE) rate was $44,990/day on the basis
  of IFRS 15 accounting standard and $40,143/day on discharge to discharge
  basis, compared to $51,047/day and $51,358/day, respectively, in Q4 2019.
• Daily operating expenses (OPEX) were $8,650/day, compared to $7,983/day in
  2019.
• A&G expenses were $1,042/day, down from $1,082/day in 2019.
• In February the company entered into a $15 million credit facility to part
  finance the scrubber installments for our fleet.
• In March, the company made a dividend payment of $0.3/share or $19.1 million
  to the shareholders.
• At the time of this report, five ships have completed special survey and
  four scrubbers have been installed. Further four ships are due for drydock
  during the remainder of 2020.

The Covid-19 virus outbreak has had significant impact on global trade and in
the capital markets. For the VLGC market, we have in Q1 seen temporary
reductions in LPG demand in Asia and Europe, while travel bans, quarantines and
lock downs has led to delays at shipyards and lower global fleet efficiency.
While the latter has led to lower fleet capacity in support of the freight
market, it has led to lower returns for those impacted by the delays.

The freight market has remained at firm levels in Q1, with disruptions from IMO
2020 implementation and US exports being the key contributors. However, the
freight market volatility has returned as LPG trading fundamentals have become
less attractive. US Gulf and USEC VLGC exports were 8.9 million tons in Q1
2020, up from 8.6 million tons in Q4 2019 and 7.0 million in Q1 2019. US Gulf
and USEC recorded 67 monthly VLGC cargoes in Q1 2020, compared to 62 cargoes in
Q4 2019 and 52 cargoes in Q1 2019.

Middle East VLGC exports totaled 7.6 million tons in Q1 2020, down from 7.7
million tons in Q4 2019 and 7.8 million in Q1 2019. The increase in oil
production impacted the spot market activity in the Middle East in March/April
but has since then fallen back due to production cuts. Middle East exported on
average 57 cargoes per month in Q1, down from 59 in both Q4 2019 and Q1 2019.

The global fleet totaled 294 ships by end April 2020, with an orderbook of 33
ships (11%). Ten ships are due for delivery for the remainder of 2020, 19 ships
are due for delivery in 2021 and 4 ships due for delivery in 2022. Shipbrokers
are expecting slippage in the orderbook due to delays in delivery of key ship
components to shipyards following the Covid-19 outbreak.

PRESENTATION AND WEBCAST

Avance Gas will host an audio webcast and conference call to discuss the
company’s results for the period ended 31 March 2020 on Thursday, 28 May 2020,
at 14:00 CET. There will be a Q&A session following the presentation.

The presentation and webcast will be hosted by:

• Mr. Peder C. G. Simonsen - Interim CEO and CFO

The presentation will also be available via audio webcast, which can be accessed
at Avance Gas’ website www.avancegas.com (http://www.avancegas.com). Dial in
details are +44 (0)2071 928 000 (UK and International), +1 631-510-7495 (US) or
+47 23 96 02 64 (Norway). Please quote the passcode: 9088721. Phone lines will
open 10 minutes before the conference call.

For further queries, please contact:

Peder C. G. Simonsen, Interim CEO and CFO
Tel: +47 22 00 48 15

ABOUT AVANCE GAS

Avance Gas Holding Ltd operates in the global market for transportation of
liquefied petroleum gas (LPG). The company is one of the world’s leading owners
and operators of very large gas carriers (VLGCs), operating a fleet of 14 modern
ships. For more information about Avance Gas, please visit: www.avancegas.com
(http://www.avancegas.com).

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

[TekBot]

Avance Gas Holding Ltd - Q1 2020 Presentation

Please find enclosed the presentation of Avance Gas Holding Ltd (OSE: AVANCE)
for the first quarter 2020 results to be held on the webcast/conference call 28
May, 2020 at 14:00 CET.
…

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Attend by webcast:

https://edge.media-server.com/mmc/p/2juk936d

Attend by conference call:

UK and International: +44 (0) 2071 928 000

US: +1 631 510 7495

Norway: +47 23 96 02 64

Confirmation code: 9088721

For further queries, please contact:

Peder C. G. Simonsen, Interim CEO and CFO

Tel: +47 22 00 48 15

ABOUT AVANCE GAS Avance Gas Holding Ltd operates in the global market for
transportation of liquefied petroleum gas (LPG). The Company is one of the
world’s leading owners and operators of very large gas carriers (VLGCs),
operating a fleet of 14 modern VLGC. For more information about Avance Gas,
please visit: www.avancegas.com (http://www.avancegas.com).

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

[TekBot]

Contemplated sale of existing shares in Avance Gas Holding Ltd.

Oslo, 17 June 2020. Arctic Securities AS (the “Manager”) has been engaged by Sungas Holding Ltd. (the “Seller”) to explore the sale of up to 3,000,000 existing shares in Avance Gas Holding Ltd. (the “Company”), representing approximately 4.65 percent of the share capital and voting rights in the Company (the “Transaction”). The Transaction is to be conducted by way of an accelerated bookbuilding process.

The bookbuilding process will commence immediately following the publication of this announcement and may be closed at short notice at the full discretion of the Manager. A further announcement will be made following pricing of the shares in the Transaction. The Seller reserves the right, at its own discretion, to sell fewer shares or no shares at all and to reduce or disregard any order for shares.
…

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Sungas Holding Ltd. is represented on the Board of Directors of the Company by Francois Sunier. Assuming all the shares available in the Transaction are sold, Sungas Holding Ltd. will not hold any shares in the Company.

Important Notice

The distribution of this announcement and the offer and sale of the shares in certain jurisdictions may be restricted by law. The shares may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the shares in such jurisdiction. No action has been taken by the Manager or any of its affiliates that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This press release is for information purposes only and does not constitute or form a part of an offer to sell or a solicitation of an offer to purchase any security of the Company in the United States or in any other jurisdiction where such offer or solicitation is unlawful. The securities of the Company described in this press release have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or any applicable state or foreign securities laws and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offering of securities in the United States.

Kilde

[TekBot]

Primary insider notification

Further to the announcement published on 17 June 2020, Sungas Holding Ltd has sold 3,000,000 shares in Avance Gas Holding Ltd (the “Company” or “Avance”), representing approx. 4.65 per cent of the share capital in the Company, at a price of NOK 17.50 per share. The shares were sold through an accelerated bookbuilding process managed by Arctic Securities AS (the “Manager”). After the transaction, Sungas Holding Ltd holds no shares in the Company.

Sungas Holding Ltd. is represented on the Board of Directors of the Company by Francois Sunier.
…

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This information is subject to the disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

Avance - 2020 Annual General Meeting

Avance Gas Holding Ltd (the “Company”) advises that the 2020 Annual General
Meeting of the Company will be held on August 31, 2020. The record date for
voting at the Annual General Meeting is set to July 17, 2020. The notice, agenda
…

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and associated material will be distributed prior to the meeting.

Hamilton, Bermuda
July 8, 2020

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

[TekBot]

Financial calendar

Financial calendar for Avance Gas Holding Ltd

FINANCIAL YEAR 2020
…

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28.08.2020 - Half-yearly Report
30.04.2021 - Annual Report
31.08.2020 - Annual General Meeting

27.11.2020 - Quarterly Report - Q3
26.02.2021 - Quarterly Report - Q4

This information is published pursuant to the requirements set out in the Continuing obligations.

Kilde

[kizza]

Ser at ratene begynner å ta seg opp. Hva tenker dere om denne?

https://fearnpulse.com/

VLGC
84’
$1,500,000

[Nimrod]

Liker kurven som kommer opp ved å trykke på VLGC, men litt tidlig å si om det bare er en korreksjon i en fortsatt fallende trend eller om det tar seg opp.

[TekBot]

Sale of vessel

Bermuda, 4 August 2020 - Avance Gas Holding Ltd (OSE: AVANCE) announces that
agreement has been reached for the sale of the 2003-built VLGC Avance, to an
unrelated third party for a price of $35 million.
…

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A 10% deposit payment has been received, while delivery and balance payment is
expected in primo September 2020.

After debt repayment, the sale will generate approx. $17 million in net cash
proceeds, with an expected book profit of approx. $6 million to be recorded in
the third quarter.

The sale follows the company’s fleet renewal strategy, reducing average age and
fuel efficiency of the fleet, initiated with the contracting of two 91,000 cbm
LPG dual fuel newbuilding’s to be delivered in 2021/2022.

For further queries, please contact:

Peder C. G. Simonsen, Interim CEO and CFO
Tel: +47 22 00 48 15 / Email: p.simonsen@avancegas.com
(mailto:p.simonsen@avancegas.com)

ABOUT AVANCE GAS

Avance Gas operates in the global market for transportation of liquefied
petroleum gas (LPG). The Company is one of the world’s leading owners and
operators of very large gas carrier (VLGC), and operates a fleet of fourteen
modern ships and two Dual Fuel LPG newbuildings due for delivery in 2021 and
2022. For more information about Avance Gas, please visit: www.avancegas.com
(https://urldefense.proofpoint.com/v2/url?u=http-
3A__www.avancegas.com_&d=DwMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-
v5A_CdpgnVfiiMM&r=kU621V3-C6wQyecSIWv35NqJVt7x0Q4esQMzHy-
diKeYdWBGRbXkqznM5hJY8v5X&m=Mpy-
YR5xaJBpfeVVrskXT6vwYu0nvXL51rgd78inWTw&s=sW1RoqR61KYRIDwql9Y0fEi_g8cRqD_s5xRDkV
AHgiI&e=).

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

[TekBot]

Avance Gas Holding Ltd - Notice of Annual General Meeting 2020

Bermuda, 10 August 2020 - Avance Gas Holding Ltd (the “Company”) annouces that
its 2020 Annual General Meeting will be held on August 31, 2020. A copy of the
Notice of Annual General Meeting and associated information including the
…

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Company’s Consolidated Financial Statements for 2019 can be found on our website
at www.avancegas.com (http://www.avancegas.com) and attached to this press
release.

For further queries, please contact:

Peder C. G. Simonsen, interim CEO and CFO

Tel: +47 22 00 48 15

Email: p.simonsen@avancegas.com (mailto:p.simonsen@avancegas.com)

ABOUT AVANCE GAS

Avance Gas operates in the global market for transportation of liquefied
petroleum gas (LPG). The Company is one of the world’s leading owners and
operators of very large gas carrier (VLGC), and operates a fleet of fourteen
modern ships and two Dual Fuel LPG newbuildings due for delivery in 2021 and
2022. For more information about Avance Gas, please visit: www.avancegas.com
(https://www.globenewswire.com/Tracker?data=Szx8ivGBv_BHgxoP16Qqc87Wul_LiSugXgnU
lNMAkf1B2Rydb5yd6dLfKIydY64Y5vM4-
g1E0HNHNpFXjf3mrR2aJ1U83kjeflBlwAnfZKQrzqPDOjPyexD6Y2eIKnD1Z-
siW_qarJ69zex6COWyLd6t1oJQ5k4O2CqoS68lM9IIxZc5M1t4KP-gdzrzyi-
u1ovu2VkdUT1casWg4QcNtPt1lDXNpbsA_UPpV-gejrdUJWfcZ6idf5oI1-MMTH-
mcvoHuL6KGaN7kHSh9ftbZT_BqNMArNyreyTpZt61tvYhPqdvnLOzl-
2Se12RTpXVVNcuehe0avP8u4zJpRDu_il9F6Bk9R2hHmfmlGUQ29lOIDm9FGsB9gg1xW-
rKeMs4HR9hppQx27SboIjDK58SBWvaDOPHSor4FkvA1JyFPgJJGwx1lFoMPKgxGrxypGf).

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

[Custus]

Noen som har lyst å oppdatere litt i tråden her, jeg har ikke fulgt med på VLGC noe særlig siste 3-4mnd? Registrerer at rater nå ser OK ut, men at det er økende short i både AVA og BWLPG. Tanker om tilbud/etterspørsel fremover?

[Daniel78]

Det kan tenkes at det blir mindre transport fra USA fremover pga lav produksjon og mindre prisdifferanse. Da må flere skip konkurrere om å befrakte fra Midtøsten, der det også er kortere avstand til Asia.

[UNIT]

Tror antall rigger i USA snart har nådd bunnen og at flere rigger kommer i drift igjen. I Canada har antall rigger økt de siste 4 ukene ifølge Baker Hughes riggtelling

[Springer]

Er vel ikke så lav produksjon. Hører at lagrene vokser.